Registered number: 09763812 **PROJECT H.A.L.O (HELP AND AID FOR LESS OPPORTUNED) DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021** Accountancy Business Centre Digital Ltd C/O Accountancy Business Centre Digital Ltd 2a Crampton Road London SE20 7AT ## **Project H.A.L.O (Help And Aid For Less Opportuned)** Page 1 **Directors' Report and Unaudited Financial Statements For The Year Ended 30 September 2021** ## **Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Accountant's Report|3| |Income and Expenditure Account|4| |Balance Sheet|5| |Notes to the Financial Statements|6| |The following pages do not form part of the statutory accounts:|| |Detailed Income and Expenditure Account|7| ## **Project H.A.L.O (Help And Aid For Less Opportuned) Company Information For The Year Ended 30 September 2021** |**Directors**|Mrs Olufunke Karim| |---|---| ||Miss Oluwatobi Karim| ||Mr Orikolade Karim| |**Company Number**|09763812| |**Registered Office**|Flat 8 Arden House, 107 Earls Court Road| ||London| ||W8 6QJ| |**Accountants**|Accountancy Business Centre Digital Ltd| ||C/O Accountancy Business Centre Digital Ltd| ||2a Crampton Road| ||London| ||SE20 7AT| Page 1 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Company No. 09763812 Directors' Report For The Year Ended 30 September 2021** The directors present their report and the financial statements for the year ended 30 September 2021. ## **Statement of Directors' Responsibilities** The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Directors** The directors who held office during the year were as follows: Mrs Olufunke Karim Miss Oluwatobi Karim Mr Orikolade Karim ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board Mrs Olufunke Karim Director 16/05/2022 Page 2 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Accountant's Report For The Year Ended 30 September 2021** In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report. You have acknowledged on the balance sheet as at year ended 30 September 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed ## **Accountancy Business Centre Digital** 16/05/2022 Accountancy Business Centre Digital Ltd C/O Accountancy Business Centre Digital Ltd 2a Crampton Road London SE20 7AT Page 3 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Income and Expenditure Account For The Year Ended 30 September 2021** |**Notes**
**TURNOVER**
Cost of sales
**GROSS DEFICIT**
Administrative expenses
**OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR**|**2021**
**£**
51,000
(51,221)
(221)
(472)
(693)|**2020**
**£**
38,700
(38,720)| |---|---|---| |||(20)
(725)| |||(745)| The notes on page 6 form part of these financial statements. Page 4 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Balance Sheet As at 30 September 2021** |**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One**
**Year**
**3**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2021**
**£**
**£**
3,492
3,492
(432)
3,060
3,060
3,060
3,060
3,060|**2021**
**£**
**£**
3,492
3,492
(432)
3,060
3,060
3,060
3,060
3,060|**2020**
**£**
**£**
3,753
3,753
-
3,753
3,753
3,753
3,753
3,753|**2020**
**£**
**£**
3,753
3,753
-
3,753
3,753
3,753
3,753
3,753| |---|---|---|---|---| ||3,492
(432)||3,753
-|| |||||| |||3,060||3,753| |||3,060||3,753| |||3,060||3,753| |||3,060||3,753| For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. On behalf of the board Mrs Olufunke Karim Director 16/05/2022 The notes on page 6 form part of these financial statements. Page 5 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Notes to the Financial Statements For The Year Ended 30 September 2021** ## 1. **Accounting Policies** ## 1.1. **Basis of Preparation of Financial Statements** The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. ## 1.2. **Turnover** Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. ## **Sale of goods** Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. ## **Rendering of services** Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. ## 2. **Average Number of Employees** Average number of employees, including directors, during the year was as follows: NIL (2020: NIL) ## 3. **Creditors: Amounts Falling Due Within One Year** |Accruals and deferred income|**2021**
**£**
432
432|**2020**
**£**
-| |---|---|---| |||-| ## 4. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. ## 5. **General Information** Project H.A.L.O (Help And Aid For Less Opportuned) is a private company, limited by guarantee, incorporated in England & Wales, registered number 09763812. The registered office is Flat 8 Arden House, 107 Earls Court Road, London, W8 6QJ. Page 6 ## **Project H.A.L.O (Help And Aid For Less Opportuned) Detailed Income and Expenditure Account For The Year Ended 30 September 2021** |**TURNOVER**
Donations
Endowment
**COST OF SALES**
HALO SCHOLARSHIP
Donations Made
**GROSS DEFICIT**
**Administrative Expenses**
Computer software, consumables and maintenance
Accountancy fees
Legal fees / companies house
**OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR**|**2021**
**£**
**£**
51,000
-
51,000
48,731
2,490
(51,221)
(221)
-
432
40
(472)
(693)|**2021**
**£**
**£**
51,000
-
51,000
48,731
2,490
(51,221)
(221)
-
432
40
(472)
(693)|**2020**
**£**
**£**
12,500
26,200
38,700
30,000
8,720
(38,720)
(20)
285
360
80
(725)
(745)|**2020**
**£**
**£**
12,500
26,200
38,700
30,000
8,720
(38,720)
(20)
285
360
80
(725)
(745)| |---|---|---|---|---| |||51,000
(51,221)||38,700
(38,720)| ||-
432
40||285
360
80|| |||(221)
(472)||(20)
(725)| |||||| |||(693)||(745)| Page 7